Zillow Group, Inc. (NASDAQ:Z) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in shares of Zillow Group, Inc. (NASDAQ:Z) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,730 shares of the financial services provider’s stock after selling 260 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Zillow Group were worth $447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Zillow Group during the 4th quarter worth $25,000. Principal Securities Inc. acquired a new position in shares of Zillow Group during the 4th quarter valued at about $53,000. Focus Financial Network Inc. ADV acquired a new position in shares of Zillow Group during the 4th quarter valued at about $210,000. Gladstone Institutional Advisory LLC acquired a new position in shares of Zillow Group during the 4th quarter valued at about $213,000. Finally, Motley Fool Asset Management LLC acquired a new position in shares of Zillow Group during the 4th quarter valued at about $218,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

Z has been the topic of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Zillow Group in a research report on Thursday, May 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Wedbush reduced their price objective on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Finally, Jefferies Financial Group boosted their price objective on shares of Zillow Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.20.

Zillow Group Stock Performance

Shares of Z opened at $46.39 on Friday. The stock has a 50 day moving average price of $43.64 and a 200 day moving average price of $49.93. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of -67.23 and a beta of 1.95. Zillow Group, Inc. has a 52-week low of $33.80 and a 52-week high of $61.13.

Zillow Group (NASDAQ:Z) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). The business had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. During the same period last year, the company earned ($0.06) earnings per share. Research analysts predict that Zillow Group, Inc. will post -0.4 EPS for the current fiscal year.

Insider Activity

In related news, Director Jay C. Hoag purchased 1,000,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was acquired at an average price of $42.27 per share, for a total transaction of $42,270,000.00. Following the completion of the purchase, the director now directly owns 652,520 shares of the company’s stock, valued at $27,582,020.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, General Counsel Bradley D. Owens sold 1,373 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $44.15, for a total transaction of $60,617.95. Following the completion of the sale, the general counsel now owns 40,194 shares in the company, valued at $1,774,565.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay C. Hoag acquired 1,000,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was acquired at an average price of $42.27 per share, with a total value of $42,270,000.00. Following the transaction, the director now directly owns 652,520 shares of the company’s stock, valued at approximately $27,582,020.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 60,041 shares of company stock valued at $2,637,477. 23.76% of the stock is currently owned by company insiders.

Zillow Group Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.